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Product Details
Bank Name

Bank of Baroda

Account Name

Baroda Pensioners Savings Bank Account

Account Type

Saving

Interest Rate

Upto 1 lakh -2.75%p.a and Above 1 lakh but less than 100cr - 2.75%p.a

Free Debit Card

Yes

Baroda Pensioners Savings Bank Account
Account Opening Fees

Rs. 5

Annual Maintenance Fees

0

Minimum Account Balance

0

Debit Card Charges

Free debit card for the first year then Std. charges per annum will be levied.

NEFT Charges

Free online

IMPS Charges

Free online

Fees and Charges

Baroda Pensioners Savings Bank Account

75.7
Special Features

  • Zero balance account.

  • A free passbook is issued to the users.

  • An overdraft facility is available.

Eligibility Criteria
All individuals who have retired on Superannuation / retired due to VRS from any Central Govt Department/ State Govt. Department/Local Bodies/PSU and eligible for pension can open the Pension Account under the Scheme and Retired Defence Services Personnel are eligible irrespective of their age.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros

  • Free unlimited chequebook.

  • Life insurance is available.

  • Open the account with Rs. 5 only.

  • A free passbook is issued to the users.

  • An overdraft facility is available.

Cons

  • Low interest rates.

  • Very few features.

Application Procedure

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Product Review
Account Opening and Procedure
How to open an Account?

You can open a savings account in Bank of Baroda either online or offline. Here's a breakdown of both methods:

Online Method

  1. Download the app: Download the Bank of Baroda mobile app, "bob World," on your smartphone.

  2. Start the application: Open the app and look for the "Open a Savings Account Digitally" option.

  3. Provide details: Enter your mobile number, product type, and sub-product. Click "Generate OTP" to receive a verification code.

  4. Enter information: Provide your PAN card and Aadhaar card numbers along with other required details.

  5. Verification: The bank officials will verify your provided details and contact you for further verification.

  6. Complete Video KYC: You'll need to complete a Video KYC process for final verification.

Offline Method

  1. Visit a branch: Go to your nearest Bank of Baroda branch.

  2. Collect the form: Ask for the savings account opening form.

  3. Fill in the details: Fill out the application form accurately.

  4. Submit the form: Submit the filled-out form along with copies of your KYC documents (Aadhaar card, PAN card, proof of identity, and proof of address) and passport-size photographs.

  5. Verification: The bank will verify your documents and process your application.

Application Procedure
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